Samsonite Group S.A. — Earnings Release 2001

Sep 28, 2001

Listed Company Information

OCEAN SHORES<00764> - Results Announcement (Summary) Ocean Shores Group Limited announced on 28/9/2001: (stock code: 764) Year end date: 31/12/2001 Currency: HK$ (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2001 from 1/1/2000 to 30/6/2001 to 30/6/2000 ('000) ('000) Turnover : 25,869 34,768 Profit/(Loss) from Operations : (2,936) 11,247 Finance cost : (83) (328) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Taxation & MI : (3,019) 9,302 % Change over Last Period : N/A EPS/(LPS)-Basic : (1.93 cents) 6.61 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (3,019) 9,302 Interim Dividend per Share : Nil Nil (Specify if with other options) : - - B/C Dates for Interim Dividend : - Payable Date : - B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : 1 bonus share for every share held on 31/10/2001 B/C Dates for Other Distribution : 26/10/2001 to 31/10/2001 bdi. Remarks: 1. (LOSS)/EARNINGS PER SHARE The calculation of basic (loss)/earnings per share is based on the Group's unaudited loss attributable to shareholders of HK$3,019,000 (2000: profit of HK$9,302,000) and the weighted average of 156,793,000 (2000: 140,728,000) ordinary shares of the Company. Fully diluted (loss)/earnings per share for each of the six months ended 30th June 2001 and 30th June 2000 respectively was the same as basic (loss)/earnings per share because there were no dilutive potential ordinary shares. 2. INTERIM DIVIDEND AND BONUS ISSUE OF SHARES The Directors do not recommend any interim dividend for the six months ended 30th June 2001. The Directors propose a distribution by the Company by way of bonus issue of new Shares on the basis of one bonus Share ( credited as fully paid ) for every Share held by shareholders whose names appear on the register of members of the Company on 31st October 2001 ("Bonus Issue"). Details and conditions of the Bonus Issue will be set out in a separate press announcement by the Company . 3. PROPOSED PLACING OF EXISTING SHARES AND SUBSCRIPTION OF NEW SHARES The Board announces that on 28th September 2001, a substantial shareholder of the Company, CSL entered into a conditional placing agreement to place a total of 17,700,000 existing Shares owned by CSL to an independent third party at a price of HK$ 1.00 per Share (the "Placing"). Concurrently, CSL also entered into a conditional subscription agreement with the Company to subscribe for 33,000,000 new Shares at the same price of HK$ 1.00 per new Share ("Subscription"). Details and conditions of the Placing and the Subscription will be set out in a separate press announcement by the Company .